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Most of Us Have a Bank Account, but Very Few of Us Keep A “Time Account”

Most of Us Have a Bank Account, but Very Few of Us Keep A “Time Account”

Are you investing your time or spending it? Is this something you have even thought of before? If not, you should. As Roger Hamilton stated in Wink and Grow Rich,

“When you invest your time in yourself, it is time invested on your health, on quality activities that enrich your life. New experiences and greater energy and vitality that make you stronger every day.”

Time is an asset in our life that we should value more than money. Once wasted, we can always earn more money. Yet, time wasted is lost forever. Once we understand the importance of time, wealth seems to follow.

So how do we invest our time? And how can we visualize it?

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We can do this by using a method that was originally developed to calculate an employer’s payroll, a method called Timesheets. However, let’s not look at Timesheets as a simple time card or punch card. Instead, think of them as Productivity Boosters. Think of them as your own personal Life Dashboard. Let’s look at some different types of Timesheets, then we will take a look at how to use them.

Now let’s take a look at how to create your Life Dashboard.

Creating Your Life Dashboard

It doesn’t matter if we are developing a Timesheet for our business or our personal life, we must get better at investing our time. Here is a simple way to use a Timesheet.

1. Pick the tool that suits you

Find an approach that you will stick with.

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Easiest way: Microsoft Excel

Here you can get creative and create your own Timesheet application.

    Toggl

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    This is an easy to use iOS, Android, Linux, or Windows application for tracking time. You can use this app for free or you can upgrade to the Pro version. Some of the free features include: tracking reminders and time, creating a timeline, a team dashboard, a Pomodoro timer, and project management features.

    Timely

    Timely is an app that is great for turning your calendar into a time tracker. It is available on iOS, Apple Watch, Android, and Windows applications. This app is free with a Pro version available as well.

    Everhour

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    Here we have a web-based Timesheet designed for team management. Everhour allows teams to seamlessly integrate project management tools, such as: Asana, Trello, Basecamp, GitHub, JIRA, or Pivotal Tracker. Additionally, you can create custom reports, task dashboards, and watch in real time with a live dashboard. This is a great option if you are looking for a technological upgrade from Excel. Everhour is free to use with a Pro version available for upgrade.
    [1]

    2. Use a Timer

    Tasks always appear to be more manageable when we break them into chunks. Similarly, by breaking time into bite-sized chunks, we can accurately track time spent on every activity. Additionally, you must use a timer. If a timer is not built into the app you are using, then you must use a separate timer.

    3. Review your personal data

    Start looking for time traps that are taking away productivity. The only way to identify a time trap is to track your time which is your personal data.

    A Timesheet allows us the ability to visualize how we spend our time. Just as an online banking account allows us the ability to visualize how we spend our money, a Timesheet helps us visualize how we spend our time. We all know that we should invest more of our money. Time is no different. In the end, we are all the product of our choices in life. Using an analogy from Wink and Grow Rich, think of a watering can,

    “The more you sprinkle it, the more you grow. Directions for use: Apply, Rinse, Repeat.”

    Reference

    More by this author

    Dr. Jamie Schwandt

    Lean Six Sigma Master Black Belt & Red Team Critical Thinker

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    Last Updated on August 15, 2018

    How to Be a Maverick and Develop a Maverick Mindset

    How to Be a Maverick and Develop a Maverick Mindset

    Are you an innovator? Do you have revolutionary and radical ways of thinking? Do you have zero tolerance for ignorant people? If you answered yes to these three questions then you are most likely a Maverick.

    Mavericks are essential to top performing organizations. They think differently, act differently, and often times piss people off. Think of some of the most successful people in the world, they are typically Mavericks. Think Richard Branson, Elon Musk, and Steve Jobs. However, we will look at three people you might not have thought about when you think of Mavericks. These three completely buck the status quo and disregard traditional ways of thinking.

    Video Summary

    So, let’s take a look at what a Maverick is, how you can embrace a Maverick mindset, and why you should protect the Mavericks in your organization.

    Do What You Can’t!

      “The haters, the doubters are all drinking champagne on the top deck of the Titanic and we are the f***ing Iceberg” – Casey Neistat

      If you have ever been told you can’t do something, then you must do that thing. Casey Neistat is a fascinating person with a strong message. There is no question Neistat possesses a Maverick mindset.

      “Keep your head down, follow the rules, do as you’re told, play it safe, wait your turn, ask permission, learn to compromise… This is Terrible Advice!” [1]

      Neistat suggests we should do what we can’t. A simple rule here is to pay attention to people when they tell you that you can’t do something. The rule… do that thing.

      Mavericks do not play well with others, yet this is not a bad thing. Why should we play well with others? Should you compromise with a person who seeks to hold you back, NO!

      Neistat provides the perfect analogy for Maverick thinking in a short video. Here is a brief description of the video:

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      • Life is like going the wrong way on a moving sidewalk.
      • Walk and you stay put.
      • Stand still and you go backwards.
      • To get ahead… you have to hustle!

      Got Beat? Good!

        “You want to improve your mental toughness? Try this: Be Tougher.” – Jocko Willink

        Former Navy Seal and author of Extreme Ownership: How U.S. Navy Seals Lead and Win is the perfect example of a Maverick. John Eagan nicely sums up an interview between Jocko and Echo Charles during a Q&A in 2015. [2]

        Echo Charles: “How do you deal with setbacks, failures, delays, defeats, or other disasters?”
        Jocko: “Good.”

        What a perfect response! Let’s take a deeper look at what Jocko meant by his simple response—Good.

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        Oh, the mission got cancelled? Good. We can focus on the other one.
        Didn’t get promoted? Good. More time to get better.
        Didn’t get funded? Good. We own more of the company.
        Didn’t get the job you wanted? Good. You can get more experience and build a better resume.
        Got injured? Good. Needed a break from training.
        Got tapped out? Good. It’s better to tap out in training, then tap out on the street.
        Got beat? Good. You learned.
        Unexpected problems? Good. We have the opportunity to figure out a solution.

        “When things are going bad, there’s going to be some good that is going to come from it.”

        Protect Your Mavericks

          “What keeps you awake at night? Nothing… I keep other people awake at night.” – James ‘Mad Dog’ Mattis, 26th United States Secretary of Defense

          As I mentioned before, Mavericks typically do not play well with others. They create conflict and generally make people feel uncomfortable. Yet, they play a critical role to success in an organization and senior leaders must protect them. [3] Bob and Gregg Vanourek provide the following advice,

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          “Mavericks are essential to innovation. Senior executives play a critical role: leaders must protect the Mavericks in their organizations. They must step up and give Mavericks space to operate, providing organizational cover for Mavericks to work their magic and keep the flame of innovation alight.”

          United States Secretary of Defense James ‘Mad Dog’ Mattis is a believer in this credo and is a Maverick himself. Look no further than the following three powerful quotes from the Mad Dog.

          1. “There are hunters and there are victims. By your discipline, cunning, obedience and alertness, you will decide if you are a hunter or a victim.”
          2. “You cannot allow any of your people to avoid the brutal facts. If they start living in a dream world, it’s going to be bad.”
          3. “Be polite, be professional, but have a plan to kill everybody you meet.”

          Carnivores Eat Herbivores

          So, how can you adopt a Maverick mindset? It’s actually pretty simple. Become a Carnivore. Let’s end with these five simple tips to becoming a Maverick.

          1. Do what you can’t. If someone says you can’t do something, do that exact thing.
          2. Be tougher. If you get beat or fail at something, remember Jocko’s advice. Good.
          3. Become a hunter. Confront the brutal facts of the world and decide to be a hunter.
          4. Don’t be afraid to give people a piece of your mind. Don’t allow yourself or others to be bullied, in essence, bully the bully!
          5. Use sage advice from Cornell Professor and author of Systems Thinking Made Simple: New Hope for Solving Wicked Problems Derek Cabrera and ask, “What pisses you off the most?” Your answer will be what you are most passionate about, go after it!

          Finally, remember there is no easy path to success. To become a Maverick, you have to work hard. There is no magic formula or magic pill. People are not born to be a Maverick, they must embrace it and work for it.

          “There’s no talent here, this is hard work. This is an obsession. Talent does not exist. We are all equals as human beings. You could be anyone if you put in the time. You will reach the top, and that’s that. I am not talented. I am obsessed.” – Conor McGregor

          Reference

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